Delhi Health Minister Arrested In Alleged Money Laundering Case Sent To ED Custody till June 9

DY365
DY365
Published: May 31,2022 05:30 PM
DY365

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The Delhi health minister has been accused of laundering black money using Kolkata-based shell companies, according to the ED.

May 31, 2022: Delhi Health Minister Satyendar Jain, arrested in an alleged money laundering case, has been sent to Enforcement Directorate custody till June 9.



The Delhi health minister has been accused of laundering black money using Kolkata-based shell companies, according to the ED. In its attachment order of April 5, the agency named Akinchan Developers Pvt Ltd, Indo Metal Impex Pvt Ltd, Paryas Infosolutions Pvt Ltd, Manglayatan Projects Pvt Ltd, J.J. Ideal Estate Pvt Ltd and his close family members Swati Jain, Sushila Jain and Indu Jain as co-accused in the case under PMLA.



The probe agency, which investigates financial crimes, has alleged that the minister in the Arvind Kejriwal government was involved in hawala transactions with a Kolkata-based firm in 2015-16.



A hawala system involves two parties transacting money with local agents on their behalf without the funds actually passing through formal banking channels.



Earlier today, Delhi Chief Minister Arvind Kejriwal said the case against his Minister is "completely fake and politically motivated". Mr Kejriwal added that the Aam Aadmi Party (AAP) is "staunchly honest" and that he himself would have taken action against Mr Jain if there were even one per cent substance in the case.